Presence of asymmetric information in the market causes which of the following?
A. Adverse selection
B. Marginal benefits of an additional unit of resources diminish with an increasing number of unit of resources
C. Efficiency wages
D. Principal-Agent problem
Choose the correct answer from the options given below:
1
A, B and D only
2
B, C and D only
3
A and D only
4
A and C only